Brazil Plant-based Beverages Market Size & Outlook
Brazil plant-based beverages market, 2017-2030 (US$M)
Related Markets
Brazil plant-based beverages market highlights
- The Brazil plant-based beverages market generated a revenue of USD 209.9 million in 2021 and is expected to reach USD 573.1 million by 2030.
- The Brazil market is expected to grow at a CAGR of 11.8% from 2022 to 2030.
- In terms of segment, soy was the largest revenue generating type in 2021.
- Coconut is the most lucrative type segment registering the fastest growth during the forecast period.
Plant-based beverages market data book summary
| Market revenue in 2021 | USD 209.9 million |
| Market revenue in 2030 | USD 573.1 million |
| Growth rate | 11.8% (CAGR from 2021 to 2030) |
| Largest segment | Soy |
| Fastest growing segment | Coconut |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Soy, Coconut, Almond, Oats |
| Key market players worldwide | Danone SA, SunOpta Inc, The Hain Celestial Group Inc, Vitasoy International Holdings Ltd, Noumi, Pacific Foods of Oregon, Blue Diamond Growers, Harmless Harvest |
Other key industry trends
- In terms of revenue, Brazil accounted for 0.9% of the global plant-based beverages market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil plant-based beverages market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 573.1 million by 2030.
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Plant-based Beverages Market Scope
Plant-based Beverages Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil plant-based beverages market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to plant-based beverages market will help companies and investors design strategic landscapes.
Soy was the largest segment with a revenue share of 37.92% in 2021. Horizon Databook has segmented the Brazil plant-based beverages market based on soy, coconut, almond, oats covering the revenue growth of each sub-segment from 2017 to 2030.
According to a study conducted by Mintel in 2019, Brazil ranked 6th in terms of most vegan product launches in the country. Expensive products are the major constraint to the growth of veganism in Brazil. However, support from governing bodies in the form of funding programs and tax reductions is likely to boost the market for vegan and plant-based products.
With growing awareness about the health benefits offered by plant-based products and increasing per capita income, the plant-based beverages market in Brazil is likely to grow at steady pace throughout the forecast period.
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Target buyers of Brazil plant-based beverages market databook
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Our clientele includes a mix of plant-based beverages market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Brazil plant-based beverages market , including forecasts for subscribers. This country databook contains high-level insights into Brazil plant-based beverages market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil plant-based beverages market size, by type, 2017-2030 (US$M)
Brazil Plant-based Beverages Market Outlook Share, 2021 & 2030 (US$M)
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